Insurance Claims and Policy Processing Clerks in the Oxnard-Thousand Oaks-Ventura, CA area earn an average annual salary of $55,900. This figure is notably higher than the national average of $51,940, suggesting that local market dynamics and potentially a higher demand for specialized administrative support contribute to this elevated compensation.
Executive Summary
- Average Salary: $55,900 per year.
- Growth Trend: Salaries have shifted 12.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $73,990.
- Outlook: With a local workforce of approximately 400 individuals in this role and a Location Quotient of 0.85, the Oxnard-Thousand Oaks-Ventura area shows a slightly below-average concentration of these clerks compared to the national landscape. While not a major hub for this specific occupation, the presence of a dedicated workforce indicates a stable, albeit not rapidly expanding, demand for their services within the region.
Salary Overview
The average Insurance Claims and Policy Processing Clerks in Oxnard-Thousand Oaks-Ventura, CA earns+7.6%above the national average.
$26.9
$1,075
$4,658
Insurance Claims and Policy Processing Clerks Salary Trends (2020-2024)
While specific historical data for this role in Oxnard-Thousand Oaks-Ventura is not provided, it is reasonable to assume that salaries for Insurance Claims and Policy Processing Clerks have seen a steady upward trend over the past four years, mirroring national patterns. This growth is typically driven by inflation, increasing operational costs for businesses, and a continuous need for efficient administrative functions within the insurance sector.
Insurance Claims and Policy Processing Clerks Salary Distribution in Oxnard-Thousand Oaks-Ventura, CA
Career progression for Insurance Claims and Policy Processing Clerks typically involves a salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive knowledge of claims, policy nuances, and regulatory compliance can command salaries in the upper percentiles. The gap between entry-level and senior roles signifies significant opportunities for salary growth and career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,710 | $21.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $41,925 | $20.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $53,110 | $25.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $69,875 | $33.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $73,990 | $35.6 |
Detailed Insurance Claims and Policy Processing Clerks Market Analysis
Relocation Context
Nominal Salary
$55,900
Gross Pay
Real Wage (Purchasing Power)
$55,900
Adjusted for COL (100)
The average annual salary of $55,900 in Oxnard-Thousand Oaks-Ventura, CA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Insurance Claims and Policy Processing Clerk's salary in this region is equivalent to the national standard, offering a stable financial footing without the added pressure of significantly higher living expenses.
Job Market Context
400
Total Jobs
1.261
Per 1K Jobs
0.85
Location Quotient
Oxnard-Thousand Oaks-Ventura, CA has 0.85x the national average concentration of Insurance Claims and Policy Processing Clerks jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.85 indicates that Insurance Claims and Policy Processing Clerks are slightly less concentrated in the Oxnard-Thousand Oaks-Ventura area compared to the national average. This suggests that while the occupation is present and supported by a workforce of 400, it is not a dominant sector, implying a balanced job market where demand and supply are relatively stable, with moderate competition for open positions.
Nearby Job Markets
Nearby Cities for Insurance Claims and Policy Processing Clerks
| City | Salary | Dist. |
|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA Insurance Claims and Policy Processing Clerks Salary | $54,870↓ 2% | 55 mi |
| Bakersfield-Delano, CA Insurance Claims and Policy Processing Clerks Salary | $51,580↓ 8% | 80 mi |
| Santa Maria-Santa Barbara, CA Insurance Claims and Policy Processing Clerks Salary | $57,470↑ 3% | 88 mi |
Comparing salaries near Oxnard-Thousand Oaks-Ventura, CA
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Frequently Asked Questions
How much does a Insurance Claims and Policy Processing Clerks make in Oxnard-Thousand Oaks-Ventura, CA?
The median annual salary for a Insurance Claims and Policy Processing Clerks in Oxnard-Thousand Oaks-Ventura, CA is $55,900. This typically ranges from $44,710 for entry-level positions to $73,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Oxnard-Thousand Oaks-Ventura, CA is 7.6% higher than the national median of $51,940.
Is Oxnard-Thousand Oaks-Ventura, CA a lucrative place for Insurance Claims and Policy Processing Clerks?
Yes, moderately so.The average salary of $55,900 is above the national average, and the cost of living is on par with the national average, indicating good purchasing power. While the concentration of these roles is slightly below average, the stable workforce suggests consistent opportunities.
Is Oxnard-Thousand Oaks-Ventura, CA a good place to live for Insurance Claims and Policy Processing Clerks?
The Cost of Living Index in Oxnard-Thousand Oaks-Ventura, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Oxnard-Thousand Oaks-Ventura, CA?
Some top paying nearby cities include Los Angeles-Long Beach-Anaheim, CA ($54,870) and Bakersfield-Delano, CA.
How does the Oxnard-Thousand Oaks-Ventura salary compare to the national average?
The average salary for Insurance Claims and Policy Processing Clerks in Oxnard-Thousand Oaks-Ventura, CA is $55,900, which is $3,960 higher than the national average of $51,940.
What is the Cost of Living in Oxnard-Thousand Oaks-Ventura, CA for this role?
The Cost of Living Index in Oxnard-Thousand Oaks-Ventura, CA is 100, which is exactly the national average. This means your salary will have the same purchasing power as it would nationally.
How many Insurance Claims and Policy Processing Clerks work in Oxnard-Thousand Oaks-Ventura, CA?
There are approximately 400 Insurance Claims and Policy Processing Clerks employed in the Oxnard-Thousand Oaks-Ventura, CA area.
Is the job market for Insurance Claims and Policy Processing Clerks saturated in this area?
With a Location Quotient of 0.85, the market is slightly less concentrated than the national average, suggesting a balanced job market rather than saturation, with stable demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 400 employees in the Oxnard-Thousand Oaks-Ventura, CA area with a job density of 1.261 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Insurance Claims and Policy Processing Clerks • Data source: BLS OEWS 2024 •Jobs in Oxnard-Thousand Oaks-Ventura, CA